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> responsibility to shareholders to maximize profit while sacrificing all other values This is not required to meet fiduciary duty, although it is a common mis
by matwood 3d ago
> responsibility to shareholders to maximize profit while sacrificing all other values
This is not required to meet fiduciary duty, although it is a common misconception. The company officers and board have pretty broad leeway to run the company as they see fit as long as there is no fraud, illegal activity, or conflict of interests.
https://www.nytimes.com/roomfordebate/2015/04/16/what-are-corporations-obligations-to-shareholders/corporations-dont-have-to-maximize-profits https://www.nytimes.com/roomfordebate/2015/04/16/what-are-co...